IRVINE,
CALIF. — Taco Bell Corp. has renewed its corporate headquarters lease in Irvine
through 2030. The five-story, 180,000-square-foot office building is located at
1 Glen Bell Way, about 42 miles south of Los Angeles.

The
Irvine property serves as one of three restaurant support centers for the Yum!
Brands Inc, the parent company of Taco Bell. Specifically, the support center includes
a test kitchen for new Taco Bell food innovations.

Glen
Bell founded Taco Bell in 1962. The restaurant chain has been headquartered in
Southern California since then, including 40 years in Irvine. Taco Bell has
occupied its current headquarters since 2010.

“As
a brand with Southern California in our DNA, we’re excited to remain in Irvine
and continue to grow where we have deep roots,” said Frank Tucker, chief people
officer of Taco Bell Corp. “The unrivaled talent and culture at our Restaurant
Support Center make this a great place to work and will take Taco Bell to new
heights right where we started.”

The
lease extension also means Taco Bell will move forward with its plan to save
the original Taco Bell, dubbed “Numero Uno.” In 2015, Numero Uno was set to be
demolished when Taco Bell transported the building 45 miles to 1 Glen Bell Way.
Further details on the project will be released at a later date.

Taco
Bell operates more than 7,000 restaurants in 28 countries, generating $10
billion in sales globally. The company plans to create 100,000 new jobs in the United
States by 2022.

LBA
Realty is a privately owned, full-service real estate investment and management
company that owns and operates more than 13 million square feet of office space
in the western United States.